Geneos Wealth Management Inc. Has $3.65 Million Stock Position in The Boeing Company (NYSE:BA)

Geneos Wealth Management Inc. lowered its holdings in shares of The Boeing Company (NYSE:BAGet Rating) by 4.8% in the 1st quarter, HoldingsChannel reports. The firm owned 19,058 shares of the aircraft producer’s stock after selling 970 shares during the period. Geneos Wealth Management Inc.’s holdings in Boeing were worth $3,649,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. grew its stake in Boeing by 1,092.3% during the first quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 142 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in Boeing by 42.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after acquiring an additional 56 shares in the last quarter. Delos Wealth Advisors LLC boosted its holdings in Boeing by 6,466.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 197 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 194 shares in the last quarter. Laurel Wealth Planning LLC bought a new position in Boeing in the first quarter worth approximately $48,000. Finally, Karlinski Andrew C bought a new position in Boeing in the first quarter worth approximately $48,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Boeing Trading Up 0.8 %

Shares of BA opened at $158.72 on Tuesday. The company has a market capitalization of $94.25 billion, a price-to-earnings ratio of -17.73 and a beta of 1.35. The stock has a 50 day moving average of $157.59 and a 200 day moving average of $158.39. The Boeing Company has a 12 month low of $113.02 and a 12 month high of $233.94.

Boeing (NYSE:BAGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The company had revenue of $16.68 billion during the quarter, compared to the consensus estimate of $17.53 billion. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. As a group, equities research analysts predict that The Boeing Company will post -1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, July 28th. Morgan Stanley increased their price target on Boeing from $215.00 to $233.00 and gave the stock an “overweight” rating in a report on Thursday, September 8th. Benchmark dropped their target price on Boeing from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, July 15th. Robert W. Baird restated an “outperform” rating and issued a $245.00 target price on shares of Boeing in a report on Wednesday, September 7th. Finally, Royal Bank of Canada set a $200.00 target price on Boeing in a report on Thursday, September 1st. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $220.06.

Boeing Company Profile

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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